Renewables in buildingsProject Scaling Up Environmental Upgrade Agreements Across Australia
This program guide was developed by Better Building Finance to grow the Environmental/Building Upgrade Finance market in Australia, allowing more businesses to access this finance, unlock savings and become more sustainable.
Building Upgrade Finance (BUF) is a new and growing form of finance designed to make existing buildings better. Under the Local Government Act 1999, councils across South Australia have the authority to offer BUF to owners of non-residential buildings for building upgrade activities which will reduce energy and water use, generate energy through renewables sources and reduce waste. BUF covers full project costs with repayment terms (up to 20 years) that work for all types of businesses.
BUF enables owners and occupiers of non-residential buildings to overcome financial barriers to implement building upgrade activities. These upgrades can reduce operating costs and provide positive cash flows due to extended loan terms, where the savings exceed the repayments.